Generac Holdings Inc. (NYSE:GNRC) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Generac Holdings Inc. has received an average recommendation of "Moderate Buy" from 19 analysts, with a target price of approximately $174.56 for the next year.
• CEO Aaron Jagdfeld recently sold 5,000 shares of Generac stock for about $906,050, reducing his position by 0.90%, and now holds 552,966 shares valued at over $100 million.
• Generac reported a 6.3% year-over-year revenue increase in the last quarter, generating $1.06 billion and surpassing analyst expectations.

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) has been given an average rating of "Moderate Buy" by the nineteen brokerages that are covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $180.7778.

Several equities research analysts have commented on GNRC shares. Wall Street Zen raised shares of Generac from a "hold" rating to a "buy" rating in a report on Saturday. Barclays set a $200.00 price target on shares of Generac and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Citigroup reaffirmed a "neutral" rating and issued a $219.00 price target (up from $138.00) on shares of Generac in a report on Tuesday, August 26th. TD Cowen upped their price target on shares of Generac from $155.00 to $198.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. upped their price target on shares of Generac from $165.00 to $180.00 and gave the company a "neutral" rating in a report on Friday.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total value of $906,050.00. Following the sale, the chief executive officer directly owned 552,966 shares of the company's stock, valued at approximately $100,202,968.86. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Generac

Hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Generac by 19.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company's stock worth $929,000 after acquiring an additional 1,195 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Generac during the 1st quarter worth about $245,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Generac by 15.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company's stock worth $3,232,000 after acquiring an additional 3,345 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Generac by 20.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,713 shares of the technology company's stock worth $217,000 after acquiring an additional 295 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY purchased a new stake in shares of Generac during the 1st quarter worth about $2,962,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Performance

Shares of GNRC traded down $2.27 during trading hours on Tuesday, reaching $181.77. 1,594,929 shares of the company traded hands, compared to its average volume of 771,639. The stock has a market capitalization of $10.67 billion, a P/E ratio of 30.19, a P/E/G ratio of 1.47 and a beta of 1.63. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. Generac has a 12-month low of $99.50 and a 12-month high of $203.25. The business has a fifty day moving average price of $180.24 and a 200-day moving average price of $144.93.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.32. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. Equities analysts anticipate that Generac will post 8 EPS for the current fiscal year.

About Generac

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.